By Shapiro S.B. No. 1195
Substitute the following for S.B. No. 1195:
By Alexander C.S.S.B. No. 1195
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to retainage on certain highway contracts.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 223.010, Transportation Code, is amended
1-5 by amending Subsection (a) and adding Subsection (h) to read as
1-6 follows:
1-7 (a) Five percent of the contract price shall be retained
1-8 until the entire improvement has been completed and accepted except
1-9 as provided in Subsection (h).
1-10 (h) Four percent of the contract price shall be retained
1-11 until the entire improvement has been completed and accepted on any
1-12 contract that includes the use of recycled materials.
1-13 SECTION 2. This Act takes effect September 1, 1999.
1-14 SECTION 3. The importance of this legislation and the
1-15 crowded condition of the calendars in both houses create an
1-16 emergency and an imperative public necessity that the
1-17 constitutional rule requiring bills to be read on three several
1-18 days in each house be suspended, and this rule is hereby suspended.